Multiple Choice
What is true if decreasing returns to scale are present?
A) Average fixed cost will rise.
B) Total variable cost will fall.
C) Economies of scale are also present.
D) Diseconomies of scale are present.
Correct Answer:

Verified
Correct Answer:
Verified
Q118: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q119: Suppose that a firm's output increases from
Q120: What is the graphical effect of technological
Q121: Under what circumstances does an increase in
Q122: If economies of scale are present,then:<br>A)Average variable
Q124: Table 7.3 contains long-run cost data for
Q125: All of the following except one are
Q126: What are diseconomies of scale?<br>A)The situation where
Q127: What does the term minimum efficient scale
Q128: Which of the following is true regarding